Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
The Green Volt floating offshore wind project plans to commence offshore construction activities in 2029, when a commissioning program to install the floating wind turbines and associated transmission facilities will be executed over the course of the year. This marks the transition from prior years focused on contracting, manufacturing, and assembly of floating wind turbine packages into active offshore installation at the project site, located around 80 km off the east coast of Scotland. By this stage, the project will already have secured key enablers, including full onshore and offshore consents in April 2024 and a Contract for Difference from the UK Government in September 2024, providing both regulatory and revenue certainty to proceed toward offshore works. During 2025–2028, the project’s construction phase is described as concentrating on supply-chain contracting and the serial manufacture and assembly of floating wind turbine packages, laying the groundwork for the 2029 offshore campaign. In 2029, the installation and commissioning program offshore is intended to deploy up to 35 floating wind turbines and the related transmission infrastructure needed to export power. Green Volt is targeting first power in 2029, with up to 560 MW nominal capacity delivering around 1.5 TWh of renewable electricity annually. Once offshore construction and commissioning are underway, the project will enable participating North Sea oil and gas platforms to switch from offshore gas-fired generation to renewable electricity, while also exporting surplus power to the UK grid and mitigating approximately one million tonnes of CO₂ emissions each year.